Posted by Madeline Hedley | Posted on 13-11-2010
When in search for a credit card, you will be confronted with a lot of choices. And with so many options available, selecting the best one can be tough. The new credit CARD law was created to protect consumers against unexpected changes in the terms and conditions. However, the new law does not prevent credit card issuers from making their offers more enticing to the public. In this post, we talk about the most common credit card traps that consumers must watch out for:
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Credit card deals may sound attractive at first.
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Posted by Madeline Hedley | Posted on 21-09-2010
In the past years, a 0% interest credit card may seem like an impossible deal. But as the popularity of credit cards increase and the competition among credit card issuers grow stronger, different types of credit cards with attractive offers have been introduced in the market.
Why Zero Cards Are Popular in The Market
Today, zero percent interest credit cards are getting the attention they deserve. Besides, who can resist a credit card that gives you the chance to charge balances to your card without interest? If you have to make a choice between a credit card with a high rate and one with a zero interest offer, without a doubt, you’ll go with the zero interest credit card.
Clearly, credit card companies use the zero interest rate offer to convince a prospective card holder to sign up with them. Usually, those who have outstanding balances in their old credit cards with high rates are convinced that they should transfer their balances over to a zero interest credit card. This way, they can focus on paying off their debts minus the interest rate. But the zero interest doesn’t last forever. In fact, the zero interest may not even last long.
Sometimes, the card holder is given 6 months to 12 months to finish paying off his balances without interest and credit card companies know that most often than not, the card holder will not be able to complete payments on time. After the 6-month or the 12-month period is over, the card holder will still have unpaid balances on his account. Consequently, you will have to continue paying for them and the regular interest rates will be applied.
Points to think about when Getting A 0% Interest Credit Card
Posted by Admin | Posted on 22-02-2010
Credit cards are easy to get if you have good credit but they are just as easy to use to fall into bad credit.
The way you slip into bad credit happens in the most innocent ways. You may not have enough cash in your pocket when you’re at the grocery store or you have to buy seasonal gifts or your car breaks down in the middle of the freeway–and before you realize it you have maxed out on your card and owe more than you can pay back from your next paycheck.
